Egypt recovers EGP 1.2bn in state assets, boosts treasury revenues by EGP 1.4bn: Finance Minister
Egypt has recovered state assets valued at EGP 1.2bn and generated an additional EGP 1.4bn in treasury revenues, Finance Minister Ahmed Kouchouk said on Monday, citing efforts led by the…
Saudi Arabia Activates Strategic Pipeline to Bypass Hormuz Disruption Amid Escalating Crisis
As tensions escalate across the Middle East and the Strait of Hormuz faces effective closure following US and Israeli strikes on Iran, Saudi Arabia has activated a long-standing contingency plan…
Egypt to Settle $1.3bn in Oil Arrears by June to Boost Energy Investment
Egypt’s Ministry of Petroleum and Mineral Resources announced on Saturday that it will settle $1.3bn in outstanding dues owed to international oil companies by June 2026, accelerating its previously announced…
Egypt’s Sisi condemns ‘hostile’ Iranian attacks during Saudi and Bahrain visits
Egyptian President Abdel Fattah Al-Sisi on Saturday condemned "hostile" Iranian attacks on Gulf Cooperation Council (GCC) member states during talks in Jeddah with Saudi Crown Prince Mohammed bin Salman. The…
Egypt Unveils Major Real Estate Tax Relief Measures
Egypt’s Minister of Finance, Ahmed Kouchouk, has announced a package of unprecedented incentives and facilitative measures aimed at easing the burden of real estate taxes on citizens, as part of…
IMF Says Iran War Impact on Egypt Remains Contained Amid Policy Response
The International Monetary Fund (IMF) said the economic impact of the ongoing Iran conflict on Egypt has so far remained “relatively limited,” citing early and coordinated policy measures by Egyptian…
Saudi Foreign Minister: Iran’s Calculations Are “Dangerous” and Will Not Succeed
Saudi Arabia’s Foreign Minister, Prince Faisal bin Farhan, has delivered a firm warning to Iran, stating that its assumptions regarding Gulf states are “wrong and dangerous,” amid rising regional tensions…
Egypt’s Sisi visits UAE, Qatar, says Gulf security is extension of national security
Egypt President Abdel Fattah al-Sisi visited the United Arab Emirates and Qatar on Thursday to declare that the security of Gulf nations is an extension of Egypt's national security, following…
Egypt FM Hosts Media Leaders, Warns of Escalating Regional Tensions
Egypt’s Minister of Foreign Affairs, Emigration, and Egyptian Expatriates, Badr Abdelatty, hosted a high-level gathering of media leaders, editors-in-chief, and prominent journalists during a Ramadan iftar on Tuesday, reaffirming the…
Oil and Gas Prices Surge After Attack on Qatar LNG Facility
Global energy markets were jolted on Wednesday after Iran carried out an attack on a major liquefied natural gas (LNG) facility in Qatar, triggering sharp increases in both oil and…